Property prices in CR0 0: A closer look

A woman cycling in a South London park

South London is an up and coming area for renters, first time buyers and property investors. At Jukes we want to take a step back to analyse how property prices have evolved over time and give some key elements to help you: sell or buy your property at the right price.
In this guide we will look at macro economic factors influencing the price of a property but also take a deeper look at the evolution of prices depending on the type of property you own or you are looking to buy.
Note: the data shown in this article covers the period 2010 – 2021. We are working to improve this model and article with the latest data for 2023.

Examining property prices in CR0 0

For flats

In 2021, 7 flats were sold in CR0 0 – an increase/decrease (choose one) of -46.15%% over 2020. To better understand the price per square metre distribution and sizes/types of flats sold in 2021, we’ve put together the chart below.

While the price distribution provides a helpful snapshot, the median price also gives insight. In 2021, the median price per square metre for a CR0 0 flat was £4181.0 – meaning 50% of flats sold for less.
Refer to the table below to see how the median price changed between 2016 and 2021.

Year Median Sqm Price inCR0 0 (in£) Growth Rate (in %)
2021 £4181 -%
2020 £3880.6 24.4%
2018 £3779.22 27.7%
2016 £3731.34 29.4%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a CR0 0 flat was £3880.6. Compared to the latest 2021 figures, the median flat price per square metre changed by 37.85%%.

To keep in mind

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what drives prices up or down. If you’re curious to learn about the many factors impacting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area possesses the knowledge to truly assess your property’s worth, or that dream home you hope to buy. They’re at the forefront of supply and demand there.

Looking to buy or sell your property in CR0 0?

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For houses

In CR0 0 in 2021, there were 103 houses sold. This represents an increase of 11.96% in house sales compared to the previous year.
The chart below will help understand the distribution of these prices, giving insight into the types and sizes of houses sold in 2021 in CR0 0.

After reviewing the price distribution, we can examine the median price. Simply put, the median price separates the group of houses sold in 2021 in CR0 0 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £4385.88. This number alone may not provide much value unless compared to previous years. See the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years prior):

Year Median Sqm Price inCR0 0 (in£) Growth Rate (in %)
2021 £4385.88 -%
2020 £4104.08 37.9%
2018 £4080.46 38.6%
2016 £3876.53 45.9%

Understanding the table – example with 2018: In 2018, the median house price per square metre in CR0 0 was £4080.46. Compared to the latest 2021 data, the median house price per square metre increased by 38.65%%.

For other types of property

In addition to houses and flats, CR0 0 has seen other property types change hands over the years, though these represent a small share of 2021 sales. We’ve shown the price per square metre distribution for these assorted properties in the chart below.

If you’re aiming to buy or sell a more unique property in this group, please get in touch for more details and perspective. We’re happy to provide a tailored, accurate valuation. To initiate our property price guide, we want to summarise how costs are distributed in CR0 0 by property type. To accomplish this, we’ll examine the price per square metre to evaluate the breakdown. We determine the price per square metre by accessing the price paid data from the Government’s website. We then divide the price by the property’s size.
This provides the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) indicating a property was sold for a price per square metre falling between £1000 and £1500.

Location factors affecting property prices in CR0 0

Future developments nearby

An area’s popularity can be gauged by its number of planned or in-progress developments. More housing means more residents, increasing demand. To see if this impacts CR0 0 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below. Now that we’ve reviewed how the price per square metre in CR0 0 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Closeness to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in CR0 0 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (CR0 0) is served according to the above list

Type of amenities Number in CR0 0
NHS Trusts (hospitals) 0
Practioners 28
Pharmacies 3
Schools 20
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 0

Predicting CR0 0 property prices in 2024-2025

At Jukes we’ve tried solving this puzzle for 35 years – honestly, no magic crystal ball accurately predicts future prices. Too many variables drive costs, as you’ve read.
AI and machine learning are improving trend prediction models, but can’t yet account for external factors. The property market can shift quickly, as it has in the past.
That’s why we show 14 years of sales data – prices, floor areas, and sale dates for CR0 0 properties. The chart also displays an average price trendline yearly. As you can see, an upward trajectory that in our view won’t change as of February 2024. But the curve’s slope may shift going forward.

Property factors driving price rises in CR0 0

Property features & built form

Features like built form, number of rooms, bathrooms etc significantly impact price – more and newer features mean higher prices.
For built form, we look at:

Built form Definition according to RCIS website
Detached “A detached house is a stand-alone residential structure that does not share outside walls with another house or building.”
Semi detached “A dwelling attached to another building or dwelling by one common party wall. Often each house’s layout is a mirror image of the other.”
End-Terrace “End of terrace used to describe a house situated at the end of a row of houses only joined on one side to a joining property.”
Mid-Terrace “Mid Terrace used to describe a house situated in the middle of a row of similar houses.”

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand CR0 0, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in CR0 0, this may provide insight on opportunities.

Total floor area distribution for CR0 0 houses

Total Floor area distribution for flats in CR0 0

Total Floor area distribution for other property types in CR0 0

Socioeconomic factors impacting property values in CR0 0

Interest rates

In the last 5 years, Britain’s economic conditions have dramatically changed. Between 2019 and 2024, the Bank of England raised interest rates multiple times to address growing inflation and cool an economy recovering from post-covid measures.
Higher interest rates directly impact the property market by affecting buyers’ borrowing ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Household income and job rates in CR0 0

Another price determiner is the area’s average household income. Prices tend to rise in areas where household incomes are increasing. See below where household income in the CR0 0 stands, as it may positively impact selling your property. We can’t omit the employment rate from this socioeconomic analysis either. It directly relates to the household income we just covered. The data shows a clear link between the employment rate and property prices in CR0 0 too.
The map below displays the employment rate in your sector. Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

How CR0 0 compares to nearby postcodes

To provide more CR0 0 insight, we’ve done similar deep dives on nearby postcode sectors too.
Check the table below and feel free to navigate around. You may find interesting opportunities and info for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
CR0 0 £4104.08 See our analysis on CR0 0 property prices
CR0 1 £4193.87 See our analysis on CR0 1 property prices
CR0 2 £3869.2 See our analysis on CR0 2 property prices
CR0 3 £4405.41 See our analysis on CR0 3 property prices
CR0 4 £4488.64 See our analysis on CR0 4 property prices
CR0 5 £4833.33 See our analysis on CR0 5 property prices
CR0 6 £4611.11 See our analysis on CR0 6 property prices
CR0 7 £4303.8 See our analysis on CR0 7 property prices
CR0 8 £4680 See our analysis on CR0 8 property prices
CR0 9 £3650.79 See our analysis on CR0 9 property prices

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